Woke up to some stunning news this morning — Microsoft made an unsolicited offer to buy Yahoo for $44.6 billion. That works out to $31 a share, which is a 62% premium on the closing price of Yahoo stock last night ($19.18).
SearchWinDevelopment.com has all the details in its story, Microsoft offers to buy Yahoo for $44.6 billion. Stay tuned for details.
UPDATED Feb. 4 — We’ve added a story that tries to make sense of everything that has developed since Friday morning. It’s called Assessing Microsoft’s bid for Yahoo, and we hope it is more helpful than confusing.